Someone wrote a comment on one of my posts the other day. Taking me to task, somewhat, for the beating I mete out to Ogilvy in particular and holding companies in general.
I suppose that's fair enough.
But let me explain. Or, rather, let me try to explain as best I can without going all Keynsian on you.
My generation--the baby boomers--grew up in what was essentially the golden age of Liberalism. Income inequality was lower in this country than it had ever been. Social mobility--at least for white men--was greater. And the government formulated policies that substantially improved the lot of the middle class. They made college more affordable and available. They created the GI-Bill which greatly increased home-ownership rates. And for the first time, the masses had decent wages, retirement plans and health insurance.
My bad, I grew up with a crazy notion that that would continue. Who saw John Birch in the guise of Ronald Reagan coming. In the words of Abraham Lincoln, I grew up thinking that a government of the people, by the people and for the people shall not perish from this earth.
Over the last 40 years or so, in ways micro and macro (economically speaking) government has shifted away from helping every human to helping the wealthy and the megawealthy. This isn't politics. This is policy.
As reported in the New York Times' "Deal Book" blog on June 9th,
That's what I'm barking about.